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To: ratan lal who wrote (3042)3/1/2002 11:43:03 AM
From: BWAC  Read Replies (1) | Respond to of 3350
 
They'd have gotten the same ill advised advice had they been paying a full service pimp or working with a big brokerage house financial advisor on a 2% fee. Or for that matter invested solely in mutual funds and thier mismanagers.

The "advice" free or paid sucked. Just as it was designed to do. Just as it is designed to do now. The "advice" wanted you in at irrational high prices and out at equally irrational low prices. The "advice" just wants your money. One way or another. Either through commmission or through advising you to sell to them now so they can advise you to buy from them later.



To: ratan lal who wrote (3042)3/1/2002 11:58:29 AM
From: Anthony Yeung (Hijacked)  Read Replies (1) | Respond to of 3350
 
"And how much did they pay for that advice?"

Ask one of my brokers, Scotia, how much I paid for HIS so-called professional advice.

Professional brokers are nothing more than Snake-oil peddlers. The guy you speak to at the other end of the line is simply pushing you buy stocks shoved to him by his own boss.

Secondly, just because you pay for advice doesn't mean you are getting your money's worth. Keep in mind that brokers are also underwriters. They get paid by companies trying to raise capital and they also get paid commission from investors. There is an obvious conflict of interest there.